America has long remained one of the most wasteful countries in the world, generating 239 million metric tons of garbage every year, about 1,600 to 1,700 pounds per person. While some view it as a threat to our environment and society, the solid waste management industry sees an opportunity.
“It’s a profitable industry,” according to Debra Reinhart, a member of the Board of Scientific Counselors for the EPA. “It’s a difficult industry but it is profitable if it’s done right.”
Two private companies, Waste Management and Republic Services, lead the solid waste management sector. Together they own about 480landfills out of the 2,627 landfills across the United States. The two companies have seen staggering performance in the market, with the stock prices of both doubling in the past five years. Both Waste Management and Republic Services declined CNBC’s request for an interview.
“They’ve learned how to be best-in-class businesses,” said Michael E. Hoffman, a managing director at Stifel Financial. “Their publicly traded stocks outperformed the market handily between 2015 and 2019 and underpinning it is a meaningful improvement in their free cash flow conversion.” The stocks have continued to outperform.
Tipping fees
Since its inception, landfills have made a majority of their revenue via tipping fees. These fees are charged to trucks that are dropping off their garbage based on their weight per ton.
In 2020, municipal solid waste landfills had an average tipping fee of $53.72 per ton. That translates to roughly $1.4 million a year in approximate average gross revenue for small landfills and $43.5 million a year for large landfills just from gate fees.
Tipping fees have seen steady growth over the past four decades. In 1982, the national average tipping fee sat at $8.07 per ton or about $23.00 when adjusted for inflation. That’s nearly a 133% increase in 35 years.
While tipping fees make landfills sound like a risk-free business, they are still quite an expensive investment. It can cost about $1.1 million to $1.7 million just to construct, operate and close a landfill. For this reason, private companies have replaced municipal governments to own and operate the majority of the landfills across the U.S.
“I think it’s because the trend has been to go larger and larger so the small neighborhood dump can’t exist because of the regulations and the sophistication of the design,” Reinhart said. “So we are tending to see large landfills, which do require a lot of investment upfront.”
Privatization of landfills
Private companies have also played an important role in discovering new ways beyond tipping fees to turn a profit out of garbage. Landfill mining and reclamation, a process of extracting and reprocessing materials from older landfills, is one of them.
In 2011, a private scrap metal company contracted with a nonprofit landfill in southern Maine to mine precious metals. In four years, they recovered more than 37,000 tons of metal worth $7.42 million.
But it isn’t always a success story. In 2017, the city of Denton, Texas, ended its landfill mining program before it could even start after realizing that the benefits weren’t worth its $4.56 million price tag. According to experts, economics is usually the biggest challenge to make landfill mining work.
“There’s virtually no way I can see how that makes money,” said Hoffman. “The commodity values would have to be at such higher levels than they are today for whatever it is you’re trying to get your hands on.”
Meanwhile, some experts argue that landfill mining can be profitable if done correctly by recovering more space for tipping fees.
“Many people are mining but they’re not reusing the space,” according to Sahadat Hossain, professor of civil engineering at the University of Texas at Arlington. “If you do the operation right, you’re never going to be involved and it will always make you money.”
Landfill gas to energy
Modern chemistry has also allowed landfills to be mined for energy, using methane gas that is produced from decaying trash. According to the U.S. Energy Information Administration, landfill gas generates about 10.5 billion kilowatt-hours of electricity every year. That’s enough to power roughly 810,000 homes and heat nearly 547,000 homes each year.
“The landfill gas operations that are known as low or medium DTU which are the predominant form of capturing the gas and turning it into electricity or steam and then selling it? Those are very good returns on capital projects,” Hoffman said.
While revenue from generating energy and fuel isn’t quite impressive, landfills that participate do benefit greatly from generous subsidies. The tipping fee, combined with various mining techniques and government subsidies have altogether transformed the landfill industry into a booming business.
The solid waste management industry will only continue to expand as long as there are those who view garbage as a resource rather than waste. Because when it comes to landfills, one man’s trash is quite literally another man’s treasure.
“Waste is not a waste, but it’s a resource,” emphasized Hossain. “World has limited resources. If we don’t reuse and recycle these, we cannot talk about a circular economy. That will always be a talk in the tabletop discussion.”
We’re closing out this week’s Green Deals with a double-feature from EcoFlow, as the brand has launched its Members’ Mega Sale (AKA its Members’ Festival) that is running parallel to its ongoing Easter Sale with a fresh batch of offers at up to 65% off, like the DELTA Pro 3 Portable Power Station that is hitting $2,799, among others – all complete with bonus savings and rewards. On top of the initial sale, the brand is also giving us two short-term flash savings to new low prices on the RIVER 2 Pro Portable Power Station for $349 and dual DELTA Pro Smart Extra Batteries for $2,899. Aventon’s Spring Into Motion Sale getting extended, with the Abound Cargo e-bike down at $1,599, as well as its legacy discounts and a full list of its latest smart models. Lastly, we have a roundup of Husqvarna lawn care equipment seeing discounts, like the 40V 24-inch Hedge Master 320iHD60 Cordless Electric Hedge Trimmer at $270. Plus, all the other hangover Green Deals are in the links at the bottom of the page, like yesterday’s Lectric April Showers e-bike sale, Jackery’s flash offers, and more.
EcoFlow Members’ Mega Sale takes 65% off additional units alongside Easter Sale offers – starting from $113
Running parallel to its ongoing Easter Sale, EcoFlow is adding some additional deals to the mix in an alternate Members’ Mega Sale through April 14 with up to 65% discounts across the lineup. Among the new offers, one that caught our eye was the newer DELTA Pro 3 Portable Power Station which has dropped down to $2,799 shipped in both sales. Normally carrying a $3,699 price tag outside of sales, the lowest we’ve seen discounts drop the costs was (without bonus savings) $2,899 in last month’s limited Spring Sale flash offers, with it going to $2,999 for Black Friday before that. Today though, we’re looking at the lowest initial price cut direct from the brand as $900 is struck from the tag, with it even matching at Amazon.
As with the case of its Easter Sale, the Members’ Mega Sale is offering the same bonus savings – all you have to do is become a member (free sign-up) before making your purchase. Let’s do a quick rundown on what you can score afterwards: a free Power Hat ($129 value) on orders over $500 or two 125W solar panels ($499 value) on orders over $3,000. You’ll also score 800 EcoCredits upon member sign-up, as well as an extra 500 for each order placed – plus, 3x the EcoCredits from purchases for standard members and 3.5x EcoCredits for Plus members. On top of all this, you can redeem already collected EcoCredits to cut 5% in additional savings from your cart’s total at checkout.
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One of the EcoFlow’s newer power stations, the DELTA Pro 3 starts off with a 4,096Wh LiFePO4 capacity that you can further bolster upwards to as high as 48,000Wh. Likewise, its starting 4,000W of output power (which surges to 6,000W) will also expand with additional equipment up to 12,000W – particularly when three power stations have been connected together. Unlike the other units under the brand’s flag, this one boasts a massive array of recharging methods: seven solo-source options and 18 combination options. Plugging it into a standard wall outlet, for example, fills you back to an 80% battery in 50 minutes, or you could take advantage of the 2,600W max solar input, EV charging, cigarette outlets in cars, dual PV charging, and much more.
There are 14 output port options to cover all your devices and appliances, one of which happens to be a TT-30R port to cover RV needs too – with you able to monitor and adjust settings and performance through the smart controls via the companion app. It’s one of the few models that’s been given the brand’s X-Core 3.0 tech, providing superior host safety, performance, and intelligence improvement. It also allows for its surging power output to climb higher for more demanding appliances while also increasing charging speeds, lessening noise and temperatures, improving the battery management system, and extending its overall lifespan – you can charge and recharge it every day for nearly 11 years, which means with less use it’ll last you many more beyond.
EcoFlow flash sale takes 48% off two units, with the RIVER 2 Pro 768Wh LiFePO4 power station at new $349 low
As part of its Easter Sale and the parallel Members’ Mega Sale, EcoFlow has launched the first of its limited flash sale offers that are taking up to 48% off two units. The first of these is the RIVER 2 Pro Portable Power Station that is down at $349 shipped. Normally going for $599 at full price, we’ve seen it come down as low as $359, first as part of last month’s Spring Sale and continuing through these two new sales running through April 14. The limited-time flash savings here today, though, are taking an additional $10 off the discounted rate for a total of $250 in savings at a new all-time low price.
On the larger end of EcoFlow’s RIVER series, the RIVER 2 Pro is a compact backup solution that supports you through short-term needs for campsites, road trips, and the like, with a 768Wh LiFePO4 capacity. It outputs up to 1,600W of power through its eight port options, all thanks to the X-boost tech inclusion that allows it to “run 80% of home appliances.” Last minute travel plans are far easier here too, as it can recharge in just 70 minutes with a wall outlet, alongside USB-C and car port options too. You can connect up to a maximum 220W solar input, putting it back at full via the sun’s rays in 3.5 to 4.5 hours.
The second of these offers gives you two DELTA Pro Smart Extra (expansion) Batteries for $2,899 shipped. Normally just one of these batteries at full price runs you $2,799, with the current sales’ pricing dropping things to $1,599, making this quite the steal if you’ve been wanting to expand your existing DELTA Pro setup closer to its max 25kWh capacity.
Be sure to check out the full lineup of EcoFlow’s Easter Sale deals, as well as the newly added Members’ Mega Sale deals that are both running through April 14 – with both offering bonus savings, free gear, and more.
Aventon’s extended Spring Sale gives you the cargo-hauling Abound e-bike at $1,599
Aventon has extended its Spring Into Motion sale through April 16 with up to $700 in savings off its lineup of e-bikes while also making room for its large selection of new smart models. Among the bunch, the brand’s Abound Cargo e-bike is down at $1,599 shipped. Normally you’d have to shell out $1,999 for this model, though its been more consistently keeping at $1,799 during sales since May 2024, which was also the last time we saw it brought down to $1,599. You’ll be saving $400 off the going rate here, with the option to upgrade to its newest generations, the Abound SR smart e-bike for $100 more or the Abound LR smart e-bike for $200 more, with the difference between them being the latter’s seven-inch longer cargo space with a lockable onboard storage bag and 8-pound heavier chassis.
Since its release in 2023, Aventon’s Abound Cargo e-bike has been quite the popular model. It comes with a 750W rear hub motor that peaks at 1,200W to tackle inclines and increase its cargo-hauling potential, as well as a 678.2Wh integrated battery – the combination of which provides you with top speeds of 20 MPH for up to 50 miles of travel when its four PAS levels (supported by a torque sensor) are activated. Of course, there’s also the pure electric riding option via the throttle, though you should take into consideration that this will shorten its travel range.
It comes along with plenty of solid features too, including a front suspension fork, hydraulic brakes, integrated front and rear lights with turn signal functionality, fenders over both tires, the integrated rear cargo rack with a 143-pound payload, a Shimano 7-speed derailleur, a kickstand, a storage bag, and an LCD Smart “Easy Read” display.
Aventon’s Spring Into Motion sale legacy e-bike deals:
Tackle heavy-duty trimmer jobs with Husqvarna’s 40V 24-inch Hedge Master 320iHD60 at $270
Amazon is now offering the Husqvarna 40V 24-inch Hedge Master 320iHD60 Cordless Electric Hedge Trimmer for $269.99 shipped. Brought down off its usual $320 price tag, this hedge trimmer is among the few electric models from under Husqvarna’s that see more regular discounts, whereas many others often only see seasonal sales pricing, like for Black Friday, Christmas, and the like. While we’ve seen this particular bundle with the battery and charger fall as low as $223 back during October’s Prime Day, you’re still looking at a solid $50 price cut down among some of its lowest rates. If you already own an appropriate battery/charger, you can score the hedge trimmer by itself for $200.
Husqvarna’s Hedge Master 320iHD60 has been equipped with a high-torque brushless motor for “increased efficiency, increased reliability, reduced noise and longer product life.” It provides you with a 24-inch reach, with your comfort taken into mind via the tri-handle grips that allow for easier heavy-duty jobs on top of longer-spanning usage. Its blades are able to handle cutting through branches up to 1-inch thick, with an un-jam button that opens the blades up for easier clearing should the unexpected happen. You can extend runtimes by using any of the brand’s interchangeable 40V batteries here too, or use the included battery in the bundle with alternative equipment you may have.
Segway Ninebot F3 eKickScooter (preorder through April 14): $600 (Reg. $850)
Best new Green Deals landing this week
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.
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Affirm shares have plunged nearly 30% in the past two trading days and are on track to close out their second-worst week on record, following President Donald Trump’s sweeping tariff announcement on Wednesday.
Widespread tariffs could represent a particular problem for Affirm, because the provider of buy now, pay later loans is reliant on consumer spending, and economists expect prices to rise on all sorts of goods. The news got worse on Friday when Affirm rival Klarna delayed its long-anticipated IPO due to market volatility.
Klarna had planned to debut on the New York Stock Exchange under the ticker KLAR, targeting a valuation around $15 billion. Affirm’s market cap is now $11 billion. Klarna reported $2.81 billion in revenue last year, which is about what Affirm generated over the past four quarters.
In addition to Klarna, ticketing marketplace StubHub hit pause on its share sale, raising concerns that the IPO market’s expected rebound won’t be taking place anytime soon. The Nasdaq is down more than 9% this week, headed for its steepest drop since the early days of the Covid pandemic in 2020.
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The setbacks mark a sharp turn for the BNPL sector, which had Wall Street excited towards the tail end of 2024. Affirm shares soared 60% in November, the month Trump was elected. Jack Dorsey’s Block, which owns BNPL provider Afterpay, jumped 22% that month, but is down 9% this week.
James Friedman, an analyst at SIG, noted Affirm’s exposure to fashion, beauty, and travel, which are often hit hardest when consumers retreat. Roughly 42% of Affirm’s transactions are in general merchandise, with fashion and travel combining for another quarter of volume.
A spokesperson for Affirm declined to comment on Klarna’s delayed listing.
Regarding market volatility, the spokesperson said the adoption of products like Affirm, which offer more flexible options than credit cards, “is a secular and enduring trend across market cycles.”
“We underwrite every transaction before making a real-time credit decision and enable consumers to pay over time without any late or hidden fees,” Affirm said.
The electric SUV will finally be here later this year. With its highly anticipated debut just around the corner, the Porsche Cayenne EV was caught in a parking lot in the US with a sleek new design.
Porsche Cayenne EV coupe is testing in the US
After launching its second electric vehicle, the Macan EV, last year, Porsche will add its third later this year. Although the luxury automaker shifted plans with a new lineup of plug-in hybrid (PHEV) and gas-powered cars on the way, Porsche confirmed the fourth-gen Cayenne will still go fully electric.
Porsche introduced major upgrades on its largest SUV in 2024, but CEO Oliver Blume promises the EV version will “set standards in the segment as an electric SUV.”
After the first electric Cayenne prototypes left the Porsche factory last year, we got a sneak peek of the SUV as it hit the streets for testing.
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You can see that the electric SUV retains the signature Porsche design but with a few upgrades to help it stand out as an EV.
Porsche Cayenne EV Coupe testing in the US (Source: KindelAuto)
After a new Cayenne EV model was spotted testing in the US, it looks like we will have two versions to choose from. The new image from KindelAuto reveals what appears to be the coupe variant with a more crossover-like design.
The coupe has a streamlined profile with a much lower roofline, adding to its already sporty design. Although more details will be revealed closer to launch, we know it will be based on the PPE platform, which underpins the current Macan EV and Audi Q6 e-Tron.
Porsche said the platform will receive “comprehensive” upgrades for the upcoming electric SUV. The Macan EV has an EPA-estimated range of 308 miles. On the European WLTP scale, it’s rated at 613 km (381 miles).
The Porsche Cayenne EV will debut later this year as a 2026 model. Porsche is also working on a larger ultra-luxury electric SUV, codenamed “K1” internally, slated to launch in 2027.
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